Key factors that adversely affected your credit score

See “Credit rating companies and the FICO need more oversight” published on The Hill’s Congress Blog (“Where lawmakers come to blog”).

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, April 11, 2012 11:28 AM
To: L. Michael Hager, former director general, International Development Law Organisation; L. Michael Hager, former director general, International Development Law Organisation (2)
Subject: credit score reason codes

See this message and your response at http://blog.creditscoring.com/?p=3826 and http://blog.creditscoring.com/?tag=the-hill.

You wrote about the “‘key elements’” affecting one’s credit score.

Credit score company FICO’s illustration of the disclosure of the “Key factors that adversely affected your credit score” contains four “factors.”  They are required to be listed in order of their importance.

What is the first one on your disclosure?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342